QUESTION 1

1.During its useful life, an asset _______ in value.

appreciates

depreciates

accrues

increases

10 points   

QUESTION 2

1.At the end of its useful life, an asset may still have a dollar value called its ______ value.

accrued

depreciated

salvage

appreciated

10 points   

QUESTION 3

1.The _______ value is the cost minus the salvage value.

appreciable

accrued

scrap

depreciable

10 points   

QUESTION 4

1.With the method of __________ depreciation, the amount of depreciation is the same every year.

straight-line

units-of-production

sum-of-years’-digits

cost-recovery

10 points   

QUESTION 5

1.To figure __________________ , depreciable value is divided by years of expected life when using straight-line depreciation.

average depreciation

taxable depreciation

monthly depreciation

yearly depreciation

10 points   

QUESTION 6

1.__________ depreciation is the year’s depreciation plus the sum of all the previous years’ depreciation.

Accounting

Nonaccounting

Accumulated

Taxable

10 points   

QUESTION 7

1.The first year’s end-of-year book value is the total cost less the year’s _________.

depreciation

assets

accumulation

liabilities

10 points   

QUESTION 8

1.The ______ depreciation is how much an asset depreciates with each unit produced.

mass

unit

yearly

accrued

10 points   

QUESTION 9

1.In the ________________ method of depreciation the numerator of the depreciation rate is the number of years of expected life remaining and the denominator is the sum of the number of years of expected life.

straight-line

accrued

sum-of-the-years’-digits

nonaccrued

10 points   

QUESTION 10

1.The __________ rate of depreciation is a fraction with a numerator of 1 and a denominator equal to the number of useful years of an asset.

sum-of-the-years’-digits

cost-recovery

straight-line

declining-balance

10 points   

Click Save and Submit to save and submit. Click Save All Answers to save all answers.